· Paschal Donohoe Wiki · Eurogroup WikiRemarks by Paschal Donohoe following the Eurogroup meeting of 25 February 2022
Read full speech on consilium.europa.eu ↗ContextPress remarks in Paris after an informal meeting of euro area finance ministers, the day after Russia invaded Ukraine; the Eurogroup coordinates economic policies for the single currency.
Why it mattersMinisters review fiscal plans the day after the invasion.
Problems raised
- Russia's invasion creates a major challenge.
- Economies need support.
- Budget strategies may need revisiting.
Solutions proposed
- Keep a moderately supportive fiscal stance.
- Coordinate budgetary policies.
- Review strategies to support citizens.